A seller sold an article at a loss of 10%. If the selling price had been increased by Rs. 200, there would have been gain of 6%. The selling price of article at 20% profit is?
Answer & explanation
Correct answer: option 2
Difference between a loss of 10% to a profit of 6% = 16%
⇒ 16% of C.P. = 200 (given)
⇒ C.P. = 1250
So, S.P. of the article to gain 20% = 1250 × \(\frac{120}{100}\) = Rs.1500